UPDATE 1-Boeing resumes $3.6 bln share repurchase program

NEW YORK Dec 17 (Reuters) - Boeing Co said Monday it
will raise its dividend 10 percent and resume share repurchases
after suspending them in 2009.

The Chicago-based aerospace company set a regular quarterly
dividend of 48.5 cents per share, payable on March 8, meaning
Boeing will not join Wal-Mart Stores Inc and other
companies that decided to issue dividends in December to avoid
the looming possibility of a tax increase in the new year.

Boeing said it would spend between $1.5 billion and $2
billion in 2013 on share repurchases. The purchases were
authorized in 2007 as part of a $7 billion buy-back plan that
was halted in 2009 with $3.6 billion remaining.

A Boeing spokesman said there was no further guidance on
when the remaining $1.6 billion to $2.1 billion would be spent.